Federal Register #SRNYSE202636

NYSE Proposed Rule Change: Amendments to Auction Imbalance and Discretionary Order Processing

This notice announces a proposed rule change filed by the New York Stock Exchange LLC (NYSE) with the Securities and Exchange Commission (SEC). - Rule amendments focus on NYSE Rules 7.31, 7.35, and 7.35B - Enhancements to auction imbalance information for Closing Auctions - Expands definition and calculation of Closing Imbalance to include more order types - Updates to processing of Discretionary Orders (D Orders) in UTP Securities - Adjusts timing for order entry and cancellation - Removes outdated provisions related to D Orders - Intended to improve market transparency and operational clarity - No procurement activity, products, OEMs, or vendors are involved

Description

The New York Stock Exchange (NYSE) has filed a proposed rule change to amend Rules 7.31, 7.35, and 7.35B. The amendments aim to enhance auction imbalance information disseminated in connection with Closing Auctions and to update the processing of Discretionary Orders (D Orders) in UTP Securities. The proposal includes changes to the definition and calculation of Closing Imbalance, adjustments to order entry and cancellation timing, and removal of outdated rules regarding D Orders in UTP Securities. The filing is for immediate effectiveness and is intended to improve market transparency and operational clarity.

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